Financial Statement Analysis The financial statements for Nike, Inc., are available in Appendix E. The following additional information is available (in thousands): Accounts receivable at May 31, 2013: $3,117 Inventories at May 31, 2013: 3,484 Total assets at May 31, 2013: 17,545 Stockholders equity at May 31, 2013: 11,081 1. Determine the following measures for the fiscal years ended May 31, 2015, and May 31, 2014. Do not round interim calculations. Round the working capital amount in part (a) to the nearest dollar. Round all other final answers to one decimal place. When required, use the rounded final answers in subsequent computations. Fiscal Year 2015 Fiscal Year 2014 a. Working capital (in millions) $ 9,642 $ 8,669 b. Current ratio 2.5 2.7 c. Quick ratio 1.5 1.7 d. Accounts receivable turnover 9.0 8.5 e. Number of days' sales in receivables days days f. Inventory turnover 4.0 4.1 g. Number of days' sales in inventory 91.4 days 88.3 days h. Ratio of liabilities to stockholders' equity 0.7 0.7 i. Asset turnover 1.5 1.5 j. Return on total assets, assuming interest expense is $28 million for the year ending May 31, 2015, and $24 million for the year ending May 31, 2014 18.3746588 % % k. Return on common stockholders' equity 27.8 % 24.6 % l. Price-earnings ratio, assuming that the market price was $101.67 per share on May 29, 2015, and $76.91 per share on May 30, 2014 26.8 25.2 m. Percentage relationship of net income to sales 10.7 % 9.7 % 2. The working capital increased between 2014 and 2015. The current and quick ratios both decreased during 2015. The accounts receivable turnover increased and number of days sales in receivables decreased slightly. The margin of protection to creditors remained constant . The return on total assets increased during 2015. The return on common stockholders equity increased .The percent of net income to sales increased during 2015. Feedback Partially correct Check My Work